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Estimated Retirement Benefits in the Annual Social Security Statement (PDF)
U.S. Social Security Administration [SSA]
Nov. 7, 2008
84 pages. Excerpt: Estimated benefits are adjusted for economy-wide average wage growth from about the time of Statement issuance to about the time of retirement. In addition, the Social Security Statement uses certain assumptions about current and future individual earnings to estimate retirement benefits. This note evaluates whether the Statement's assumptions produce accurate estimates, using data from a sample of recently eligible retired workers in SSA's Modeling Income in the Near Term (MINT) microsimulation model.
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